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Question 13 (3 points) Which of the following is FALSE regarding US T-bill auctions? The...

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Question 13 (3 points) Which of the following is FALSE regarding US T-bill auctions? The US Treasury accepts bids from the highest yield down until the dollar amount desired is reached. . Bids are submitted by government securties dealers, financial and nonfinancial corporations, and individuals. Competitive bids specify the amount of par value of bills desired and the discount yield. 4-, 13-, and 26-week T-bills are acutioned weekly. Noncompetitive bids for up to $5 million are automatically filled at the yield of the accepted competitive bids

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